What are your thoughts on Floki Inu?

[Nomad]

When I heard of this meme coin, I thought it was just a passing thing. So I was not interested in investing in this coin named after Musk's dog. However, when I found that it has a strong community, I decided to try hands I invested $70 and in a couple of months I saw it rise to $450. I decided to hold longer but then the price started falling. Before it fell further, I sold it and managed to make $240 in profits. Have you invested in Floki?

 

[Riberet19]

No, I'm not a lover of meme coins, although I've seen this cryptocurrency countless times, although I know that with meme coins you can make a lot of money, they don't catch my attention because the level of risk is too high for me, I prefer to go with Bitcoin or some altcoins.

 

[Nomad]

No, I'm not a lover of meme coins, although I've seen this cryptocurrency countless times, although I know that with meme coins you can make a lot of money, they don't catch my attention because the level of risk is too high for me, I prefer to go with Bitcoin or some altcoins.

What about investing just about $50-$100? Don't you think it is worth taking risk in meme coins? Let say you invested on half a dozen meme coins and only if one of them managed to grow, you can still make it big.

 

[Riberet19]

What about investing just about $50-$100? Don't you think it is worth taking risk in meme coins? Let say you invested on half a dozen meme coins and only if one of them managed to grow, you can still make it big.

I like to invest in things with fundamentals and that I can study well because fundamentals are identifiable after studying the investment, in a meme coin there is little to study, it's just waiting for the hype to come most of the time, and that's what I don't like.

 

[deucher]

In my opinion, after the first big growth of memcoin, they just die. They will not have such a situation as in Bitcoin, when it can regularly grow in price. As far as I remember, only Dogecoin updated the highest price several times